To all my Knowledgeable Gurus. Right now I am in Canada for a month. I have not taken International Roaming Facility. I want to apply for Phantom IPO. I tried to apply for Electronic Mart last week but was not getting OTP on my mobile so I could not apply. Please suggest any other way to get the OTP so that I can apply for this IPO. Thanks.
Thanks Not A Trader for your prompt response. when I tried in Electronic Mart IPO last week, either I was not getting OTP on Email and twice I got on email so late by the time Axis banks says SESSION EXPIRED.
You mobile number is active or not??? If you receive incoming call, then after resend 2 times otp in axis Bank you received option of otp on call... After pressing that you received a call from bank and otp by call...
Axis bank usually sends OTP promptly over email as well..... Maybe when you were trying there might be a network issue.... Try again... It should work.. It works for me when i am abroad...
Hello All Members, First time posting this stuff. I am new to this message board and also laymen for Stock market. I read here all messages and reviews to apply IPO or not. First time I am thinking to take part in SME IPO and company is Phantom Digital Effects. I found there are all major good reviews for company to apply its SME IPO.
but, while googling top VFX companies in India, I didn't found Phantom Digital Effects in the list. It created doubt in me. Top companies are 1-Prime Focus Limited 2-Red Chillies 3-Prana studio 4-Reliance Mediaworks 5-Tata elxsi
Then how this is good company? Please guide
60.1. Liger| Link| Bookmark|
October 13, 2022 10:40:22 AM
Top Contributor (300+ Posts, 500+ Likes)
If it is in top companies then ipo could have come as a mainboard ipo. The company appears to do small sub contract works to top companies. That's why it is a sme ipo.
@Swami, SMEs are very risky and volatile; one can't research it just by googling. Many of chittorgarh members have visited the companies in past and asked employees and customers then applied. Some of them have also updated here. But you never know who is truthful or who is lier. Then again it comes to luck (hence applying here is called betting, see recent listing of swastik) Some of previous years IPO that were heavily subscribed also listed in discount. So that is also not a full proof criteria. Apply if you have 'GUT FEELING'.
59. Arun Jindal| Link| Bookmark|
October 12, 2022 9:19:04 PM
Top Contributor (400+ Posts, 100+ Likes)
Corruption is at the best in India All the allotments in good scripts are done to relatives friends and employees of Registrar of issue and in loss making IPO people like us are allotted. Situation is just hopeless. All are looters in India
any proof or hints u got ? i too did not get any allotment in sme ipos in retail quota. why dont one complains to scores site n nse bse to get at root of problem ? v much possible as mostly small unknown registrars only are the registrars
lets all come together n compain to sebi/nse /bse/ mof
I am also with you, Not getting Allotment even after applying immediately on opening day itself, also tried through different banks. I also applied on this IPO at 11am yesterday but have No Hope of Allotment because of above mentioned reason. This will be final IPO if I don't better I will not waste my time in the process
59.4. Smile.| Link| Bookmark|
October 13, 2022 10:47:44 AM
IPO Guru (1800+ Posts, 1100+ Likes)
@arun It is natural for all of us to want to get an IPO while applying. This is not possible in a lottery system. Better to keep applying the optimism that next time we will be lucky instead of blaming the system.
SME IPO FOMO/HYPE............be cautious. Never subscribe in any fundamentally weak shares and whatever listing gain/loss........Just exit the position quickly.
Only long terms IPO are
INSOLATION STEELMAN VARANIUM CLOUD SILICON CARGOSOL/CARGOTRANS - depends on next quarter numbers. ANNPURNA VIRTUOSO
All others.......just sell n exit with profit or switch to good cheap SME ipo, which are trading at reasonable price of 10~15 PE with growth potential.
FROG - If list on 50% profit. Becho aur Niklo. You will see prices at lower level other than if any operate moves the prices unrealistically. FROG was not very fundamentally stock with a bad history too.
58.5. SamJos| Link| Bookmark|
October 12, 2022 10:49:41 AM
Top Contributor (500+ Posts, 100+ Likes)
Did you forget CONCORD or reasonably avoided it ??
Thank you for the analysis. I would like to know your views in relation to Concord for those who have been allotted the Ipo and are still holding it. Shouldn't we hold it considering there are more number of buyers at UC, compared to Insolation or any other newly listed sme stocks. Further, it also has QIB subscription unlike other stocks which were listed with it. Again in Insolation I found that their raw material cost is increasing which is pressing their margins. Further, they have not done any exports and a litigation of 1.5 cr is impending on one of their directors. So, how is Insolation better than Concord?
Re concord : I believe for myself to exit once I am getting 100% profit in IPO. Thereafter let the market settle down. I never interested to keep invested in any SME if PE is more than 10.
So one should prepare to exit after a certain level and long term view is always gamble as no one knows, what will happen in future.
Re Insolation : This SME has a good track record. This is only reason and price they brought is reasonably good. So no harm to keep such stock.
Its not like STEELMAN/CYBER/PHANTOM to bring IPO at 900% premium.
Don't keep your hard earned money invested in SME more than 20% of your equity basket. In long run 70% disappear.
Keep invested in BLUECHIP which is backbone of country.
58.14. Aman Ipo| Link| Bookmark|
October 12, 2022 5:54:06 PM
Top Contributor (400+ Posts, 200+ Likes)
@GSMR You need to have conviction in your own call. Concord is a very good stock and anyways in sme's you can never predict which stock will turn out to be a multi bagger. I remember Hamsa was telling that he feels cargosol logistics financials are not genuine when on last day of its subscription it was only subscribed 10× upto 2:30 p.m and now when it has listed well and still going strong he has added that stock in his list of long term buys. So people will change their views very fast. After some time if concord keeps on performing well, he would become super bullish on it next time. So, you should have conviction in your own study and not always listen to others.
Sir, thank you for your reply. I respect you for such a beautiful reply. Faith restored. I don't know what will happen with Concord but I am going to hold it with a SL of around 100. I am willing to take the risks associated with the stock. I will hold it for as long as I feel it's okay to hold.
In a SME IPO, how is the allotment done a for NII (HNI) investor. Is it on proportionate basis like what used to happen in earlier in Main Board IPO or is it on lottery basis only?
Say if someone puts in a bid of 1 crore shares for Phantom and the subscription in HNI is 50 times. Will the Investor get shares of 2 lakhs?
As per my knowledge it will be on lottery basis if there is 2 or more applicant in same bid quantity. If you are the single bidder in a particular qty then you may not be considered for the lottery.
Third party asba is allowed by some registrar.. but third party UPI is rejected by all registrar.. only in case where subscribtion is less than 1 they will allot in that ipo
What is the allotment system for NII (HNI) in a SME IPO? Is it on proportionate basis like what used to happen earlier in Main board IPO or is it on a lottery basis?
If an investor bids in Phantom ipo for 1 crores and if the NII Subscription is 50 times, will he get shares for Rs. 2 lakhs?
Insolation energy BOA released....but I applied for 12 lot....36000 shares...no allotment and neither mention in BOA upto 12 lot to 49 lot....how it's possible ? Fully setting lagta he....experts ,ipo gurus and @admin plz reply...thank